Candente Intersects Significant Leachable Copper at Canariaco Norte.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Candente Resource Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : DNT DNT Document & Network Technologies DNT Dinitrotoluene DNT Dynamic Network Technologies DNT Do Not Type DNT Dodonu Ni Taukei Party (Fiji political party) DNT Do Not Touch DNT Dialed Number Trigger DNT Do Not Translate ) - - Significant leachable copper intersected in all 25 Candente holes drilled to date (2004 and 2005) - Leachable copper makes up 44% of the deposit grid-drilled to date - Copper system nearly tripled laterally lat·er·al adj. 1. Of, relating to, or situated at or on the side. 2. Of or constituting a change within an organization or a hierarchy to a position at a similar level, as in salary or responsibility, to the one being left: and more than doubled vertically - Deposit still open in all directions - Low strip ratio (leach leach v. leached, leach·ing, leach·es v.tr. 1. To remove soluble or other constituents from by the action of a percolating liquid. 2. cap averages only 44 m) Candente Resource Corp. is pleased to report that copper assays have been received for the 13 holes drilled to date as part of the 4,365 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, (m) 2005 Phase II on the Canariaco Norte Zone of the Canariaco Property, Peru. All holes intersected significant widths of leachable copper which when added to the 12 holes drilled by Candente in 2004, demonstrates that leachable copper occurs over a minimum area of 1.2 kilometres (km) long by 450 m wide and up to 346 m thick. Leachable copper (60% to 92% chalcocite chalcocite Sulfide mineral, Cu2S, that may be an important ore of copper. It belongs to a group of sulfide minerals formed at relatively low temperatures. Chalcocite alters to native copper and other copper minerals. and oxide oxide, chemical compound containing oxygen and one other chemical element. Oxides are widely and abundantly distributed in nature. Water is the oxide of hydrogen. Silicon dioxide is the major component of sand and quartz. copper) intersections in the 25 holes to date, exceed 100 m in 5 holes; 40 m in 17 holes and 20 m in 22 holes and make up 44% of the copper deposit to date. The leach cap required to be stripped to expose the copper mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. varies from 0 to 82 m and averages only 44 m in thickness. Joanne Joanne is a common given name for females, being a variant of Joanna, the feminine form of John and is derived from the Latin name Johanna and has a hebrew meaning of "God is Gracious" People with the given name Joanne: Copper mineralization occurs in several rock types. The majority of the copper mineralization occurs in a Crowded Quartz quartz, one of the commonest of all rock-forming minerals and one of the most important constituents of the earth's crust. Chemically, it is silicon dioxide, SiO2. Feldspar feldspar (fĕl`spär, fĕld`–) or felspar (fĕl`spär), an abundant group of rock-forming minerals which constitute 60% of the earth's crust. Porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. (CQFP See QFP. ) intrusive in·tru·sive adj. 1. Intruding or tending to intrude. 2. Geology Of or relating to igneous rock that is forced while molten into cracks or between other layers of rock. 3. Linguistics Epenthetic. as exemplified in 2005 hole C05-14 which intersected 0.72% Cu over 72 m within a larger interval of 0.57% Cu over 369 m and in 2004 hole C04-001 which intersected 1.01% Cu over 96 m within a larger interval of 0.71% Cu over 234 m. The most southerly drill hole of the sequence (C05-17) shows that the copper mineralization also extends into volcanic/subvolcanic rocks (0.31% Cu over 96 m) that border and overlie o·ver·lie tr.v. o·ver·lay , o·ver·lain , o·ver·ly·ing, o·ver·lies 1. To lie over or on. 2. To suffocate (a baby, for example) by accidentally lying on top of it. the outer parts of the CQFP unit. The fact that the mineralization is not limited to the porphyritic por·phy·rit·ic also por·phy·rit·i·cal adj. 1. Of or containing porphyry. 2. Containing relatively large isolated crystals in a mass of fine texture. Adj. 1. intrusive rocks (Geol.) rocks which have been forced, while in a plastic or melted state, into the cavities or between the cracks or layers of other rocks. The term is sometimes used as equivalent to plutonic rocks ltname>. It is then contrasted with effusive or volcanic rocks. See also: Intrusive indicates extensive lateral lateral /lat·er·al/ (-il) 1. denoting a position farther from the median plane or midline of the body or a structure. 2. pertaining to a side. lat·er·al adj. 1. potential for the deposit. C05-013 intersected predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. late inter-mineral intrusive breccia breccia: see conglomerate. breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. which gave an average of 0.39% Cu over 112 m below the leach cap. The 2005 drilling to date has nearly tripled the surface expression (from 14 to 38 hectares) and more than doubled the vertical extent of grid-drilled copper mineralization (now from 2960 m to 2320 m elevation elevation, vertical distance from a datum plane, usually mean sea level to a point above the earth. Often used synonymously with altitude, elevation is the height on the earth's surface and altitude, the height in space above the surface. ). In addition, both the lateral and vertical limits to the deposit are still unknown. Assay results for gold, silver and molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. are still pending and will be released when available. Drilling will recommence Re`com`mence´ v. i. 1. To commence or begin again. 2. To begin anew to be; to act again as. He seems desirous enough of recommencing courtier. - Johnson. v. t. 1. To commence again or anew. in approximately two to three weeks when all assays have been received and compiled. Grades of leachable copper intersections are detailed below in Table I. Data from other leachable copper deposits are given in Table II for comparison. For a summary of significant total copper intersections, both leachable and mixed (greater than 40% chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. ), from Candente's 2004 and 2005 drilling and for more details on drilling results please refer to Tables III and IV as well as maps and sections at: www.candente.com/s/PeruProjects_Canariaco.asp.
Table I: Summary of Significant Leachable Copper Intersections,
2004 and 2005
(60% to 92% chalcocite and oxide Cu)
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Leachable
From To Interval Copper
Hole No. (m) (m) (m) feet Total Copper % %
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2005
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DDH-05-013 No Leach Cap
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0 26 26 85 Late Mineral Dyke
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26 50 24 79 0.49 60
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DDH-05-014 No Leach Cap
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0 16 16 52 Late Mineral Dyke
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16 34 18 59 0.47 62
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DDH-05-015 0 22 22 72 Leach Cap
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22 152 129 423 Late Mineral Dyke
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168 186 18 59 0.53 66
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DDH-05-016 0 44 44 144 Leach Cap
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44 52 8 26 0.68 68
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76 90 12 39 0.64 61
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96 112 16 52 0.50 63
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146 158 12 39 0.54 64
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214 266 52 171 0.51 73
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362 377 15 49 1.16 65
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DDH-05-017 0 82 82 269 Leach Cap
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82 102 20 66 Late Mineral Dyke
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102 126 24 79 0.42 66
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200 305 105 344 0.23 80
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DDH-05-018 0 74 74 243 Leach Cap
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74 86 12 39 Fault Zone-Leached
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86 101 15 49 0.57 80
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143 198 55 180 0.43 80
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280 328 48 157 0.36 67
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DDH-05-019 0 30 30 98 Leach Cap
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30 111 81 266 0.55 75
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30 55 25 82 0.82 92
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91 111 20 66 0.71 65
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272 282 10 33 0.64 73
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296 304 8 26 0.46 70
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DDH-05-020 0 12 12 39 Leach Cap
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12 358 346 1135 0.49 73
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40 86 46 151 0.61 92
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DDH-05-021 0 8 8 26 Leach Cap
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8 287 279 915 0.44 66
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DDH-05-022 0 16 16 52 Leach Cap
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16 24 8 26 0.29 65
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240 261 21 69 0.41 80
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DDH-05-023 0 23 23 75 Leach Cap
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23 111 88 289 0.58 74
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DDH-05-024 0 24 24 79 Leach Cap
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24 65 41 136 0.65 75
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152 181 29 95 0.69 63
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232 270 38 125 0.48 62
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340 368 28 92 0.63 86
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DDH-05-025 0 75 75 246 Leach Cap
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75 200 125 410 0.50 80
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2004
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DDH-04-001 0 64 64 210 Leach Cap
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64 134 70 230 1.16 72
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194 240 46 151 0.43 65
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DDH-04-002 0 60 60 197 Leach Cap
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60 80 20 66 1.02 72
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160 206 46 151 0.80 71
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DDH-04-003 0 40 40 131 Leach Cap
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40 62 22 72 1.00 62
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DDH-04-004 0 8 8 26 Leach Cap
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64 80 16 52 0.66 62
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DDH-04-005 0 36 36 118 Leach Cap
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36 70 34 112 0.75 60
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158 202 44 144 0.91 64
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DDH-04-006 0 50 50 164 Leach Cap
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50 82 32 105 1.03 68
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154 255 101 330 0.88 71
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DDH-04-007 0 34 34 112 Leach Cap
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34 130 96 315 0.78 83
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DDH-04-008 0 46 46 151 Leach Cap
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46 260 214 702 0.64 85
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DDH-04-009 0 52 52 171 Leach Cap
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52 86 34 112 0.95 82
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DDH-04-010 0 18 18 59 Leach Cap
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18 44 26 85 0.78 61
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DDH-04-011 0 44 44 144 Leach Cap
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44 134 90 295 0.72 78
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DDH-04-012 0 64 64 210 Leach Cap
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64 106 42 138 0.43 68
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Table II: Leachable Copper Deposits for Comparison
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Tonnes Grade Contained Cu
Company Project Status (Million) (%Cu) (Million lbs)
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Falconbridge Lomas Bayas Mine 572 0.28 3,530
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Anglo
American Mantoverde Mine 310 0.60 4,100
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Lumina Regalito Und. 627 0.43 5,890
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Codelco Opache Und. 341 0.53 3,980
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Codelco Gaby Mine Con. 900 0.50 9,920
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Analysis for gold is being performed on all holes and multi-element ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. , including molybdenum and silver, is being carried out on selected holes from the Phase II / 2005 drilling program. All core from drilling has been cut in half with a diamond saw and sampled at two metre intervals on the property. One half of the split core has been collected by Candente's Peruvian geologists A geologist is a contributor to the science of geology. Geologists are also known as earth scientists or geoscientists. The following is a list of famous or notable geologists. in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with industry standards and is being submitted to Actlabs Laboratorio Quimico (Actlabs) in Lima, Peru. Total copper analysis and a sequential One after the other in some consecutive order such as by name or number. leach procedure for acid soluble soluble /sol·u·ble/ (sol´u-b'l) susceptible of being dissolved. sol·u·ble adj. Capable of being dissolved, especially easily dissolved. copper, cyanide cyanide (sī`ənīd'), chemical compound containing the cyano group, -CN. Cyanides are salts or esters of hydrogen cyanide (hydrocyanic acid, HCN) formed by replacing the hydrogen with a metal (e.g., sodium or potassium) or a radical (e.g. soluble copper and residual sulphides was carried out by Actlabs. Actlabs is carrying out the gold assays and multi-element ICP analysis as well. QA/QC QA/QC Quality Assurance/Quality Control procedures, including the use of sample standards, blanks and duplicates have been completed and assay checks by an independent laboratory, are currently under way. Sample chain of custody The movement and location of physical evidence from the time it is obtained until the time it is presented in court. Judges in bench trials and jurors in jury trials are obligated to decide cases on the evidence that is presented to them in court. is monitored by Candente personnel. Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. Casselman Casselman may refer to:
American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Van Egmond Egmond is a former municipality in the north-western Netherlands, in the province of North Holland. In 2001, it was merged with the municipalities of Schoorl and Bergen to form the municipality of Bergen. , P.Geo., and Joanne Freeze, P.Geo., are the Qualified Persons for the project as defined by NI 43-101 and have reviewed this news release. Candente is a diversified diversified (di·verˑ·s copper and gold exploration company. Our focus is to increase shareholder value through discovery. In addition to the Canariaco Project, Candente has several other gold and gold-copper projects in Peru. Candente's directors have individual track records in both the discovery and development of multi-million ounce ounce, in zoology ounce, in zoology: see leopard. ounce, unit of measurement ounce: see English units of measurement. gold and silver, and multi-billion pound copper deposits. Candente subscribes to principles, which ensure that its exploration and development activities are beneficial to the local communities. ON BEHALF OF THE BOARD OF DIRECTORS Joanne Freeze, P. Geo., President & CEO This News Release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. including but not limited to comments regarding the timing and content of upcoming work programs, geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente relies upon litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. protection for forward-looking statements. |
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